What amount will be received on a sum of 1750 in 21/2 yr, if the interest is compounded at the rate of 8% pa?

What amount will be received on a sum of 1750 in 21/2 yr, if the int

1.	What amount will be received on a sum of 1750 in 2¹/₂ yr, if the interest is compounded at the rate of 8% pa?
A.	2125
B.	2122.85
C.	2100
D.	2200
Answer» C. 2100

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What amount will be received on a sum of 1750 in 21/2 yr, if the interest is compounded at the rate of 8% pa?

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What amount will be received on a sum of 1750 in 2¹/₂ yr, if the interest is compounded at the rate of 8% pa?